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Bank of New York Mellon Corporation
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2019 Vault Rankings

At a Glance
Uppers

“There are opportunities to move around within the company”

Management is “very open and easy to work with”

Downers

“No sick days”

“No overtime pay given”

The Buzz

"Good work life"

"Mediocre"

"Trust bank"

"Transaction services leader but not well known"

About Bank of New York Mellon Corporation

Created by the $17.6 billion merger of Mellon Financial Corporation and The Bank of New York Company in July 2007, The Bank of New York Mellon is a securities services and asset management company with more than 52,500 employees operating across 36 countries. Headquartered in New York City, at the enviable address of One Wall Street, BNY Mellon serves asset managers, banks, broker-dealers, corporations, governments, high-net-worth individuals, insurance companies, non-profits, and pension funds. BNY Mellon ranks among the largest asset managers by assets under management in the U.S. and worldwide. Although the bulk of its employees are located in the Americas, BNY Mellons employs thousands of people in Europe, the Middle East, Africa, and the Asia-Pacific region.

Founded in 1784, BNY can honestly claim to be the oldest bank in the U.S. Chartered by a group of New Yorkers (including Alexander Hamilton), it was the first corporate stock to be traded on the New York Stock Exchange, which opened in 1792. The bank played a major role in financing industrial and economic growth in New York City, building its assets through the 1800s and into the 1900s. In 1922, BNY gained a trust business by acquiring the New York Life Insurance and Trust Company; it survived the stock market crash of 1929 and went on to acquire the Fifth Avenue Bank and the Empire Trust Company. In the 1960s, BNY went where it had never gone before—outside New York, by opening a London office and purchasing National Community Banks in New Jersey and the Putnam Trust Company in Connecticut.  The 1988 acquisition of the Irving Bank Corporation created what was then the 10th-largest bank in the U.S. 

Mellon, on the other hand, was founded in 1869 by Thomas Mellon and his two sons. One of those sons, Andrew Mellon, eventually became the U.S. Treasury Secretary. Many industrial giants—from an oil company to a steel empire—were backed by Mellon, and it was known for taking investment risks as well as allowing the burgeoning industrial community in southwestern Pennsylvania to thrive. Throughout the 1980s and 1990s, it bought up a number of banks in its native state of Pennsylvania, and eventually nabbed such firms as the Boston Company, the Dreyfus Corporation, United Bankshares and insurance company Safeco Corporation.

Bank of New York Mellon Corporation

One Wall Street
New York, NY 10286
Phone: (212) 495-1784

Stats

Employer Type: Public
Stock Symbol: BK
Stock Exchange: NYSE
Chairman & CEO: Charles Scharf

2018 Employees (All Locations): 52,500

Major Office Locations

Los Angeles, CA
Greenwich, CT
Stamford, CT
Newark, DE
Miami, FL
Chicago, IL
New York, NY
White Plains, NY
Pittsburgh, PA